Richard A. Bianco - 01 Aug 2023 Form 4 Insider Report for AmBase Corp (ABCP)

Role
CEO, Director
Signature
/s/ Richard A. Bianco
Issuer symbol
ABCP
Transactions as of
01 Aug 2023
Net transactions value
$0
Form type
4
Filing time
03 Aug 2023, 16:38:48 UTC
Previous filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABCP Common stock Gift $0 -700,000 -78% $0.000000 202,547 01 Aug 2023 Direct F1
transaction ABCP Common stock Gift $0 +700,000 +97% $0.000000 1,420,000 01 Aug 2023 BY UGMA F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 1, 2023, the reporting person gifted 700,000 shares to a Uniform Gift to Minors Act Account for the benefit of his grandchildren. The reporting person retains voting control of the shares. Pursuant to Rule 13d-4, the reporting person disclaims beneficial ownership of the transferred shares to the extent he does not have a pecuniary interest in such shares.
F2 Includes 1,420,000 shares held in a Uniform Gift to Minors Act Account for the benefit of the reporting person grandchildren. The reporting person retains voting control of the shares, but pursuant to Rule 13d-4, he disclaims beneficial ownership of the shares to the extent he does not have a pecuniary interest in such shares.